NTPC intends to buy stressed power generation assets, in talks with Rajasthan, M.P , West Bengal.

NTPC is on the prowl again. Armed with a reserve of about Rs. 5,000 crore, this time the nation's largest power company intends to take over stressed power generation assets from central and state sector units. It is at present in talks with three such entities in Rajasthan, Madhya Pradesh and West Bengal, a person with knowledge of the plan said.

To own such power plants, NTPC is proposing to create joint ventures with state governments where it will take a majority stake. It had previously looked at acquiring private power assets, but the plan hasn't taken off as expected.

ET